Arizona State Retirement System grew its holdings in shares of Orion Group Holdings, Inc. (NYSE:ORN) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,535 shares of the construction company’s stock after buying an additional 100 shares during the quarter. Arizona State Retirement System owned 0.05% of Orion Group Holdings worth $109,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Trexquant Investment LP boosted its stake in shares of Orion Group Holdings by 41.0% during the 1st quarter. Trexquant Investment LP now owns 14,848 shares of the construction company’s stock valued at $111,000 after buying an additional 4,316 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of Orion Group Holdings by 1,915.0% during the 1st quarter. LS Investment Advisors LLC now owns 18,719 shares of the construction company’s stock valued at $140,000 after buying an additional 17,790 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of Orion Group Holdings by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 20,290 shares of the construction company’s stock valued at $152,000 after buying an additional 249 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Orion Group Holdings by 14.4% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 20,560 shares of the construction company’s stock valued at $154,000 after buying an additional 2,583 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in shares of Orion Group Holdings by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 25,811 shares of the construction company’s stock valued at $193,000 after buying an additional 3,895 shares during the last quarter. Institutional investors own 87.79% of the company’s stock.

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Shares of Orion Group Holdings, Inc. (ORN) opened at 5.84 on Thursday. The company’s 50 day moving average price is $6.00 and its 200 day moving average price is $7.24. The firm’s market capitalization is $164.71 million. Orion Group Holdings, Inc. has a 52-week low of $5.17 and a 52-week high of $11.11.

Orion Group Holdings (NYSE:ORN) last released its earnings results on Thursday, August 3rd. The construction company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.16). The business had revenue of $137.40 million during the quarter, compared to analyst estimates of $161.68 million. Orion Group Holdings had a negative net margin of 0.98% and a positive return on equity of 1.37%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business earned ($0.03) EPS. Analysts forecast that Orion Group Holdings, Inc. will post $0.02 earnings per share for the current year.

Several equities analysts have recently commented on ORN shares. Zacks Investment Research cut Orion Group Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Canaccord Genuity reduced their target price on Orion Group Holdings from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Friday, August 4th. Finally, FBR & Co reduced their target price on Orion Group Holdings from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, August 18th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Orion Group Holdings has an average rating of “Hold” and an average target price of $8.25.

Orion Group Holdings Profile

Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.

Institutional Ownership by Quarter for Orion Group Holdings (NYSE:ORN)

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